Main Focus of the Global Business Support Center
We are pleased to welcome you to our Global Business Support Center. This center is about assisting our clients and visitors to identify and focus on the critical challenges of their respective industries. Through this center, we provide services on innovation and recent developments in technology for industrial applications in Nigeria.
The main activities at the center are controlled by Festal Services Limited; the consulting arm of Festus Aleogena and Co. Festal Services Limited is the umbrella organization for all management consultancy and business systems that the auditing arm does not deal with. For a more detailed coverage of some of the topical issues and the services we offer at this center, we advise that you visit the recommended internet links at this web site.
The center will enable visitors exchange information, make contacts and verify accuracy and reliability of new business developments through our multi disciplinary network of experts and international consultants. At this center you will find recent materials like government green and white papers, recent reforms in the public service, new developments in your industry, consultants’ opinion and case studies on current events that will help you fine-tune your business. From your findings, you can bench mark your organizational performance with regards to the industry success metrics.
If after navigating our website, you still need more advice or strategies on how to cope with complex issues affecting your organization, please contact us for one on one expert advice.
The center is divided into sub centers or units that are designated to business solutions. There three units at this time. They are:
-
General Consultancy and business support center
-
The Forensic and Good Business Center
-
Round Table conferences business development center.
New units are opened as and when necessary to reflect innovations and changes in the business community.
Forensic and Good Business Center
This center which, started in 2008 as an add-on unit to Festal Services Limited, is to meet the challenges of trust in the international market place for the Nigerian business operator. The center is to promote honest and trustworthy relationships between Nigerian businesses and the international community. The center is dedicated to instill confidence in the way we do business with outside world. The establishment of the Forensic and Good Business Center is borne out of our experience as well as the frustrating experience of some of our colleagues who seek investment opportunities and engage in foreign trade overseas.
Nearly every Nigerian who attempts to do business these days has an uphill task in starting business relationship with overseas business owners. The world press and the international market place are replete with sad stories of the Nigerian fraudsters who are out to dupe genuine investors and traders in their home countries. Take a moment to visit the adjoining web sites of the Nigerian Government, the United Kingdom and the United States of America governments on the full coverage and warning on frauds and scams in Nigeria.
As many Nigerian business promoters have experienced in recent years, the reputation of the Nigerian private sector is seriously damaged through the so called 419 fraud and advance fee fraud schemes (known in the United States as the Nigerian scams). Under the typical situation, a seemingly honest and trustworthy business man in Europe or America is reportedly lured by his Nigerian counterpart into investing little money in a quick business in exchange for easy money that run into millions of dollars. In some cases, no money is invested. All that is needed is the bank account of the very honest foreign investors to transfer millions of easy money. At the end of the deal, the Nigerian counterpart disappears with the overall loot including the investment of the “honest” foreign investor.
These incredible deals have dented the image of the Nigerian business man. In most cases no one emerges on the Nigerian side to deny, admit or defend these incredible deals. Some overseas governments actually circulate official notices and advisory literatures indicating that Nigerians are corrupt and should be watched or avoided.
There is no doubt from the typical evidence and televised incidence that some Nigerians have in fact duped or have attempted to dupe overseas traders. Should the action of a few unscrupulous thieves label every Nigerian as a dishonest person?
In the cases that we know or heard of, no government institution or private organization on the Nigerian side verified the authenticity of these deals, which apparently were hatched by too dubious characters on both sides of the ocean. Our Forensic and Good Business Center will ensure that our clients are not exposed to this risk of frauds while doing business on both sides of the ocean. It is always the role of government to arrest and prosecute criminals. Arrest and prosecution of criminals is, therefore, outside the scope of this center.
Our role is to provide a forum for companies and individuals to commit to sharing corporate trust, civil responsibility and the ideals of good business. We undertake preemptive consulting services to genuine investors to shield them from shady characters who have continued to soil the good name of the Nigerian business man. We provide this service through our international private network of friendly firms.
The way we do business to combat frauds and protect our clients
-
Our firm provides the necessary help to genuine promoters and investors to verify the existence of would be investors on both sides of the ocean. We verify through chambers of commerce, better business bureaus, industrial associations and embassies that both parties are duly registered to do business in their countries. At the request of clients, we provide forensic accounting services and valuation of businesses.
-
As a neutral body we provide business support to overseas businesses which submit complaints to us for investigation and resolution. Our approach is to request our client to give notice directly to his counterpart indicating that he will want us to look into the case. If both parties agree, we can mediate and facilitate resolution of business disputes at minimal costs.
-
Combating the so-called 419(known as Nigerian scams in the United States) and nip frauds and rip-offs in the bud. As stated above, we are not registered to act as a police organization and we do not prosecute criminals. Through our technical expertise, we are able to assist clients to evaluate business proposals, assess reliability and express opinion on viability of projects. In doing so, we can recommend preemptive action to stop shady deals in their tracks.
-
We maintain a database on international community frauds, press releases, foreign government alerts, public commentary etc. We conduct research on cleverly laid schemes of fraud and simulate and project their impact on future business relationships. Very often, the legal authorities pursue the criminals with a view to securing conviction. In doing so they concentrate on what had happened and ignore the loopholes and new fraud opportunities arising from the new deals. We examine the new tracks and the new fraud opportunities and advise clients on how to block or preempt them in planning new business.
If in the course of rendering forensic consulting service, we obtain valuable information on a developing fraud, we work closely with state and federal law enforcement bodies to alert our clients.
Round table conference and business development center
We hold round table conferences on recent business developments. We analyze legislative issues. At these conferences, we examine opportunities provided by State and Federal budgets to new and emerging businesses. If the issues are very important, we organize seminars and webinars to expose key matters to wider audiences.
We provide fast growing tech news from around the globe. Through our resource experts, we advise clients and general public on the use and adaptability of such technology in our country. We can at the request of clients explore intermediate tech options in our country and beyond.
Through the summary of proceedings at these sessions, we offer industry specific advice on the key sectors of the economy. For minimal cost we offer business plans, industry cameos and general trend analysis to clients and potential users of our services.
Very soon you will have access to our podcasts and other resources that will provide audio news analysis of developments in business, legislative briefs, and summary of proceedings at round table conferences of the very best experts in most sectors of our economy.
